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An Engine, Not a Camera: How Financial Models Shape Markets by Donald Angus MacKenzie

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Url
https://www.goodreads.com/book/show/134474.An_Engine_Not_a_Camera
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Notes
Financial models don't just measure the world but also change it!
Retrieved
2021/10/26 16:26
Type
Books
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes.
Paraphrasing Milton Friedman, MacKenzie says that e ...more
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